Uncertain times lead people to pursue non-traditional investment opportunities to provide a nest egg for themselves and their loved ones. The stock market rises and falls at will, and bonds seem too safe to pay off, so investors look to other assets to add to their personal wealth. Recently, we’ve seen an increased interest in diamond collecting in Mill Valley, CA due to the COVID-19 pandemic and the upcoming election.
Value continues to increase
In 1960, the price for diamonds per carat averaged out to about $2,700. Fifty-six years later, in 2016, that number had increased to $30,925. As forecasters insist that a diamond supply-demand gap is imminently approaching, people in search of these precious gemstones have to spend more to get them. That means any diamond collector in Mill Valley, CA is in a position to make a significant profit when they eventually decide to liquidate their existing diamond assets.
Furthermore, at the beginning of the COVID-19 pandemic, many were expecting sales of large diamonds and other gemstones to slow down significantly. In fact, the exact opposite happened. Businesses like Sotheby’s experienced higher-than-projected profits from the sale of diamond jewelry. A gemstone specialist with the world-renowned auction house said that the diamonds selling for the most are the ones of the highest quality.
Easy to transport
Regardless of where you live, politics and economics are volatile. If 2020 has taught us anything, it’s that things can change in an instant. When the world turns upside down, many people want to escape to somewhere more stable and serene.
While other investment options such as real estate or art are not as simple to relocate, diamonds are an asset you can take with you easily. If you and your family feel the need to get out of dodge in a hurry, you can put your diamonds in your pockets if you so choose (though we do recommend using a more secure means for transporting your gems).
Diamonds are timeless
Many families cherish diamond jewelry for generations. They pass these pieces from grandparent to grandchild or parent to child for decades. As each new owner cares for these baubles, keeping them safe and stunning, the value of the investment continues to rise. A diamond ring that your grandfather gave to your grandmother for a wedding anniversary becomes a beloved family heirloom that doubles as an amazing investment.
Show them off
The best thing about being a diamond collector in Mill Valley, CA is that you get to wear these assets. Diamond jewelry is great dressed up or dressed down. From sporting a pair of diamond studs to run errands to donning your finest pieces for a formal event, you can do so much with these classically beautiful stones.
As interest in diamond collecting in Mill Valley, CA continues to rise, the time is now to get started building your own collection. As one of the top jewelry buyers in the Bay Area, Collectible Coins & Jewelry has over 30 years of experience handling these pieces and can assist you on your journey to becoming a collector. If you have questions about buying investment-worthy diamond jewelry, contact us now.